In today's Chi Trib: 1 in 8 households (in ILL) is receiving foodstamps.
jr
· 1 year ago
"goldilocks economy!"-Larry Kudlow
crianp
· 1 year ago
65%, that is alot, I had actually thought that things had stabilized but given that Bernanke was put in power by the GOP, I wouldn' be surprised if he saw things through the eyes of a republican which is pro-business all the way while screwing the common guy/girl.
Wisconsin Liberal
· 1 year ago
If you think this is bad, wait until the credit cards come due. Without an ever rising equity in a house to clear the credit cards. It can't be to long until this comes home to roost.
Andrew
· 1 year ago
Sadly, the insolvent US$-based economic and financial system has a long way to go before any recovery can be claimed. The four primary pillars of the federal budget deficit, the trade and current account deficit, the bank insolvency, and the rising tide of negative equity homeowners, these scream of ongoing need for remedy. All forms of remedy involve monetary inflation. The current approach has been careful and directed. The next steps will be much more broad and systemic in the face of desperation to avert collapse. Beware of civil disobedience toward mortgages. Beware of civil disturbances. Beware of open scuffles at gasoline stations. Beware of possible food riots in poor neighborhoods. Being the newest Thrid World nation, the Untied States will see food riots similar elsewhere in the world. The system inside the US is moving toward chaos. An inflationary recession does that. Job loss and rising prices make for a nasty cauldron for emotions. The only known plan will be to produce enough inflation to keep the system running. The implemented cure will plant seeds for further crisis one year from now, and guarantee a severe change via disruption. The only safe place to be will be commodity investments that oppose the Great Paper Chase in dissolution, in particular precious metals and energy. My favorite remains silver, for many reasons.
OlderAndWiser
· 1 year ago
Not only foreclosures, but it was reported on NPR that Duke Energy is cutting off 500 customers A DAY in the Charlotte area. People are being crushed by nearly $4/gal gas and they have to get to work, although it seems a lot of folks are working for just gasoline these days...who knows how much they've cut back on groceries.
Bush is the biggest criminal in the country right now, and Congress needs to act.
OlderAndWiser
· 1 year ago
NPR reported today that Duke Energy is cutting off 500 households A DAY in the Charlotte area. A lot of people are in a catch-22 situation...they need gas to get to work, but that's about all they're working for at this point.
George Bush is a criminal and Congress should do something now.
Andrew
· 1 year ago
Not to worry Older & Wiser, good things come to those that wait. It's the waiting though that weighs heavily on the consumer. When the man behind the curtain ( Paulson ) is brought out on a day like today to inform all of us that the economy is rosey and to get out there and spend those billions from the tax rebates, you know he's shitting in his pants because that is exactly what is not happening. People are using the funds to buy gas and food rather than another plasma t.v. or going out to eat or the movies or buying furniture for a home they may not own much longer. Come mid to late June, the dollar is going to crash and printing any more of them will only be like throwing gas on a barn fire as we head into a hyperinflationary depression. Smart move on the Bush administrations part in leaving the economy in a shambles and forcing the next administration to deal with it by having no other choice but to raise taxes. However, taxes should be raised on corporate profits and going after companies like Haliburton that use tax loop holes like setting up your offices in Dubai so as not to pay taxes on the outragious profits they are making while the little guy struggles just to make ends meet.
gonzalez
· 1 year ago
When you make millions per year, who cares about a little inflation. You'll just make more money the next year. Let these hillbillies keep electing republicans. What idiots!
Pangolin
· 1 year ago
Happy talk doesn't buy groceries or pay the power bill. People know these guys are full of shit. To the extent that the Dems avoid happy talk in the next few months is the extent that they will win.
Bubbles
· 1 year ago
I wonder what inflation and dollar depreciation does to Social Security surplus and Medicair?
All Comments
Bush is the biggest criminal in the country right now, and Congress needs to act.
George Bush is a criminal and Congress should do something now.
Come mid to late June, the dollar is going to crash and printing any more of them will only be like throwing gas on a barn fire as we head into a hyperinflationary depression.
Smart move on the Bush administrations part in leaving the economy in a shambles and forcing the next administration to deal with it by having no other choice but to raise taxes. However, taxes should be raised on corporate profits and going after companies like Haliburton that use tax loop holes like setting up your offices in Dubai so as not to pay taxes on the outragious profits they are making while the little guy struggles just to make
ends meet.